Sugar first crop near 80,000 tonnes
...Skeldon grinding paltry amounts
The preliminary first crop figure for sugar is just shy of 80,000 tonnes however GuySuCo is still pushing the beleaguered Skeldon factory to make its individual 13,795-tonne target before finally closing the crop.
According to an insider, the Skeldon factory produced a measly seven tonnes of sugar on Wednesday May 28. Placing that into perspective, the world market price for sugar at the end of last week was US$383.16 per tonne, GuySuCo would have produced only US$2682 for the day with high overhead costs. When first conceptualized, the Skeldon factory was intended to produce 110,000 tonnes per annum.
Observers say that allowing the Skeldon factory to run for an entire day to produce just over half a million dollars, calls into question the wisdom of management’s decisions.
This newspaper was made to understand by Skeldon employees that GuySuCo is determined to meet the first-year target for the factory even though the amount being spent to operate the factory is far more than what is being earned. Stabroek News was told that last week not only did GuySuCo produce seven tonnes on a single day, …..To continue reading, login or subscribe now.